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Orvana Minerals Corp T.ORV

Alternate Symbol(s):  ORVMF

Orvana Minerals Corp. is a multi-mine gold-copper-silver company. It is involved in the evaluation, development and mining of precious and base metal deposits. Its assets consist of the producing El Valle and Carles gold-copper-silver mines in northern Spain, the Don Mario gold-silver property in Bolivia, and the Taguas property located in Argentina. The El Valle and Carles mines and the El Valle processing plant are a producer of copper concentrate and dore. El Valle is located in Asturias, Northern Spain. The Don Mario Operation is in San Jose de Chiquitos, Southeastern Bolivia. The Don Mario Operation consists of a set of assets that includes Las Tojas orebody, and the previously mined out lower mineralized zone, upper mineralized zone and Cerro Felix mines. The Taguas Property consists of 15 mining concessions over an area of 3,273.87 hectares, held and managed by its subsidiary Orvana Argentina S.A. Taguas is located in the province of San Juan, on the eastern flank of the Andes.


TSX:ORV - Post by User

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Post by geezer321on Apr 10, 2013 10:36pm
125 Views
Post# 21239841

Largo News Release

Largo News Release

Largo sent out an e-mail alert today regarding the Resource Investing News article posted not this site earlier.  In addition it includes a piece of information from Roskill Information Services projecting an annual 6.5% increase in vanadium demand.  Here is the alert:

 

Shareholders and friends,

On March 27th, 2013 Evraz, who is the largest producer of vanadium outside of China, announced its intention to divest of its key South African vanadium asset.

This morning Resource Investing News published an article entitled “Could South Africa’s Vanadium Loss be South America’s Gain” that outlines the impact of this sale on the vanadium market.

https://resourceinvestingnews.com/53397-could-south-africas-vanadium-loss-be-south-americas-gain.html

South Africa has traditionally been the largest producer of vanadium (China is now the leading producer); however, in recent years, social and political instability in the region has driven production rates down and caused an increase in operating costs.

We believe that this sale marks a fundamental shift in the vanadium market. The vanadium market is projected to be growing at 6.5% per annum, and as this article suggests, if companies continue to diversify their assets away from South Africa, the Maracas project will likewise continue to represent an alternative for a stable, long-term source of supply.



View all our recent notes to shareholders here



Sources:
Evraz Press Release:
https://www.evraz.com/media/news/2641/
Roskill Information Services, 2013

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